Aflac

Name: Aflac (AFL) shares outstanding since 1999, split adjusted
Creator: Buyback Radar
License: https://creativecommons.org/licenses/by/4.0/

AFL

Aflac has retired 52.7% of its shares since 1999, from 1,060,348,956 to 501,343,298.

52.7%retired since 1999

24.2%last 5 years

4.3%last 12 months

501Mshares today

At $119.97 a share, a market value of $60.1B. P/E 12.4, trailing twelve months to June 2026.

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings

1999, 1,060,348,9562026-07-28, 501,343,298

A share bought in 1999

2.1× more of Aflac today, without buying another share. It was one of 1,060,348,956 shares then. It is one of 501,343,298 now.

Every filing we read27 fiscal years, split adjusted

Fiscal year	Date	Shares outstanding	Filing
1999	2000-03-16	1,060,348,956	10-K	cover page
2000	2001-03-16	1,056,734,236	10-K	cover page
2001	2002-03-22	1,035,220,254	10-K405	cover page
2002	2003-03-21	1,029,561,324	10-K	cover page
2003	2004-03-03	1,021,859,910	10-K	cover page
2004	2005-03-07	1,003,710,202	10-K	cover page
2005	2006-02-22	996,345,314	10-K	cover page
2006	2007-02-20	983,751,494	10-K	cover page
2007	2008-02-22	949,509,896	10-K	cover page
2008	2008-12-31	933,230,000	10-K
2009	2010-02-22	938,270,406	10-K
2010	2011-02-28	940,414,364	10-K
2011	2012-02-29	934,195,842	10-K
2012	2013-02-19	935,479,140	10-K
2013	2014-02-18	911,630,364	10-K
2014	2015-02-17	877,806,314	10-K
2015	2016-02-16	840,002,756	10-K
2016	2017-02-15	802,853,720	10-K
2017	2018-02-13	779,365,966	10-K
2018	2019-02-12	750,332,375	10-K
2019	2020-02-12	722,520,700	10-K
2020	2021-02-17	688,587,083	10-K
2021	2022-02-16	649,860,875	10-K
2022	2023-02-16	612,208,648	10-K
2023	2024-02-15	577,008,328	10-K
2024	2025-02-18	546,588,291	10-K
2025	2026-02-16	516,369,452	10-K

Source: all 10-K filings of Aflac on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, fiscal 2007 to 2025cash flow statement against share count

$27.1Bspent on buybacks

467Mfewer shares outstanding

5.9%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $119.97.

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Aflac buybacks, answered

Is Aflac buying back its stock?

Yes. Aflac has 4.3% fewer shares outstanding than twelve months ago, 501,343,298 as of July 28, 2026. Over five years the share count is down 24.2%.

How many shares has Aflac bought back?

Net of every new share it issued, Aflac has 559.0 million fewer shares than at its 1999 peak. That is 52.7% of the company.

How many shares does Aflac have outstanding?

501,343,298 shares, as of July 28, 2026, from the cover page of its latest 10-Q. At the 1999 peak it had 1,060,348,956.

What do Aflac's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Aflac stock in 1999 owns 2.1 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Aflac compare with other cannibal stocks?

Aflac ranks No. 78 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Spectrum Brands (52.9%), Applied Materials (52.8%), Cannae (52.7%), Primerica (52.6%).

Every answer is computed from Aflac's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.